Thursday, June 29, 2017
Today's Equipment Leasing Headlines
Baseball Pitcher and FinTech Computer
New Hires---Promotions in the Leasing Business
and Related Industries
Pre-2014 iPhones Are a Dying Breed in the U.S.
Chart ---Business Insider
$65 to Print a Boarding Pass?
by Kevin F. Clune, CLFP
Clipart, Graphics, Posters
Leasing/Finance Conferences – Updates
Federal Reserve releases results of Comprehensive
Capital Analysis and Review – Approves Capital Plans
Fourth of July Digital: Shane, The Searchers
1776, Miss Firecracker/Air Force One
Recommendations by Leasing News' Fernando Croce
Mission, Kansas Adopt-a-Dog
Edison Capital Three Dogs
Bella, Fiona, Fergus
GASB Sets Uniform Approach for Reporting Government Leases
State and Local Government Leases
New Lease Accounting Rules Pose Challenges, Study Says
goes into effect: public companies, 2019/ private companies, 2020
U.S. stock market makes biggest gain in 2 months
positive bias going into the four-day weekend
Office supplies chain Staples sold for $6.9 billion
"this deal to close by the end of the year - 1600 stores
Wine Executive Charles Banks Sentenced
to Four Years for Fraud
Broker/Funder/Industry Lists | Features (writer's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months
www.leasingcomplaints.com (Be Careful of Doing Business)
Leasing News Icon for Android Mobile Device
You May have Missed---
How to Get the Best Deal
When Buying Your Leased Car
California Nuts Brief---
"Gimme that Wine"
This Day in American History
Weather, USA or specific area
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New Hires---Promotions in the Leasing Business
and Related Industries
John Benoit was promoted to VP Business Development, Wintrust Marine Finance, New Orleans, Louisiana. Prior, he was VP Business Development, Wintrust Finance, based out of Houma, Louisiana. Previously, he was VP Business Development, Regions Equipment Finance Corp. (April, 2012- November, 2015); VP-Business Development, AIG Equipment Finance (April, 2008 – February, 2011); VP, Daimler Chrysler Financial Services (1998 – 2000); VP, Hibernia (1995 – 1998). Education: Nicholls State University, BS, Accounting and Finance (1989 – 1994).
Seth Buchanan was promoted to Financial Analyst, Direct Capital, a Division of CIT Bank, N.A., Portsmouth, New Hampshire. He first joined in 2004 and previous position was Staff Accountant. Prior, he was Manager, Quikava (June, 1999 - October, 2004). Education: University of New Hampshire. English Language and Literature/Letters. (1999 - 2002).
Gary Bond was hired as Senior Vice President for National Bank of Commerce's new Equipment Finance Division, Birmingham, Alabama. A press release stated he would be "... focused primarily on the trucking industry. Bond has more than 30 years of experience in the industry, and he will spearhead sales efforts across the bank’s Alabama, Florida and Georgia footprint."
Cody Jandik was promoted to Vice President of Sales, GreatAmerica Financial Services, Cedar Rapids, Iowa. He joined the firm May, 2011 and previous position was Director of Business Development. Previously, he was Marketing Intern, Pella Opera House (February, 2011 - May, 2001); Music Co-Chair, Campus Activities Board at Central College (January, 2010 - May, 2011); Marketing Intern, Iowa Solutions, Inc. (June, 2010 - January, 2011); Events Planning and Business Intern, Fitness Professionals LTD (January, 2009 - May, 2009). Education: University of Iowa, Henry B. Tippie College of Business, Master of Business Administration (MBA) (2013 - 2016). Central College, Bachelor of Arts, Business Management; Marketing (2007 - 2001). Activities and Societies: President, Student Athletic Advisory Council. Leadership Team, Fellowship of Christian Athletes. Campus Activities Board. Co-Captain of the Men's Soccer Team. Alternative Spring Break to Guatemala.
Christopher Murray was hired as Account Director, Multpli, Sydney, Australia. Previously, he was Account Director, Team Leasing (January, 2012 - June, 2017); Director, Integrated Glass + Aluminum (2006 - 2011); Owner, Rose Bay Marina (1999 - 2004); VP and MD APAC, Compaq Capital, now known as HP Finance (December, 1998 - November, 1999); CEO, Rentworks Limited (now known as Alleasing) (1988); Finance Broker, Centrelease Corporation (1987 - 1988). Education: St. Ignatius College, Riverview.
Jennifer Pinnow was hired as a Sales Associate at TCF Equipment Finance, Minnetonka, Minnesota. She began her career at Wells Fargo, serving first as an Enrollment Specialist, Business Payroll in October, 2005; October, 2008, she was promoted to Transaction Coordinator in Equipment Finance; October, 2012, promoted to Portfolio Representative; June, 2013, promoted to Account Manager, Commercial Vehicle Group.
Emma Powell was promoted to Credit Intern, First American Equipment Finance, Fairport, New York. She joined the firm June, 2016, Sales Support Intern. Prior, she was Child Care, YMCA of Greater New York (March, 2014 - August, 2016); Nanny, The Leone Family (June, 2015 - August, 2015); Waitress, Dons Original Restaurant (October, 2012 - December, 2014). Volunteer: Coach and Referee, Penfield Youth Lacrosse (May, 2010 - August, 2014). Helped kids ages 5 -12 with lacrosse skills, while teaching them rules and providing a fun learning environment. Refereed and oversaw the fair play during games and scrimmages. Education: University at Albany, SUNY. Bachelor's Degree, Business Administration Concentrating in Finance and Marketing, 3.62. Cumulative GPA. Activities and Societies: Dean's List (every semester). Varsity Women's Lacrosse, Love Your Melon Club. Penfield High School, 94 GPA (2010 - 2014). Activities and Societies: Varsity Soccer, Varsity Lacrosse Captain, Varsity Club, Key club. Academic All-American (Lacrosse). US Lacrosse All American.
Rajesh Rao was hired as Chief Financial Officer and Head of Analytics, Beyond Finance, Inc., Richmond, Virginia. Previously, he was Chief Financial Officer and Head of Credit Analyst and Product Strategy, RapidAdvance (October, 2015 - May, 2017.) He began his career as Director, Marketing & Analysis, Capital One, 2003; promoted, 2005, CFO, U.S. Card Management; promoted, 2008, Vice President, Deal Valuations, U.S. Card; promoted, 2009, Chief Financial Officer; promoted, August 2012, Chief Financial Officer, Capital One Homes Loans (2009 - 2012); Vice President, Deal Valuations, U.S. Card, Capital One (2007 -2009); promoted, August, 2012, Managing Vice President, Marketing & Analytics and Capital Markets. He was a consultant, Boston Consulting Group (2001 - 2002); Summer Associate, Boston Consulting Group (2000).Education: Ross School of Business, University of Michigan, MBA, General Management (1992 - 1994). Cornell University, Ph.D., Seismic Engineering (1992 - 1994). University of Minnesota, M.S., Applied Mechanics (1990 - 1992). Victoria Jubilee Technical Institute, Bombay University, Bachelor of Engineering, Civil Engineering (1986 -1990).
Neil Thompson was promoted to Director, Operations and Special Projects, Meridian OneCap Credit Corporation, Burnaby, British Columbia, Canada. He joined the firm July, 2016, and his previous positon was Director, National Broker Channel. Prior, he was Account Manager, Roynat Lease Finance, March, 2005; promoted February, 2009, Broker Manager; Credit Manager, Irwin Commercial Finance (January, 2004 - March, 2005); Bi-Lingual Customer Service Coordinator, Onset Capital Corporation (June, 2001 - January, 2004). Education: the University of British Columbia, Bachelor of Arts (BA), Political Science and Government. International Study Centre at Herstmonceux Castle (1997 - 1998).
Christopher Tucker was hired as Managing Director, Key Corporate & Commercial Bank, Superior, Colorado. He is based out of the Greater Philadelphia area. Previously, he was Managing Director, EverBank (November, 2013 - June, 2017); Managing Director, Ascending Markets Financial Guarantee Corporation (AMF) (October, 2011 - November, 2013); Senior Vice President, DZ Bank AG (July, 2006 - October, 2011); Managing Director, XI Capital Assurance Inc (June, 1999 - July, 2006); Senior Associate, MBIA (August, 1998 - June, 1999); Securitization Analyst, Advanta Business Services Corporation (January, 1997 - August, 1998); Financial Analyst, Institute for Scientific Information, Inc. (March, 1993 - January, 1997). Education: Drexel University, BS, Accounting concentration (1989 - 1994).
Corey Waller was hired as Finance & Loan Operations, Morty, New York, New York. Previously, he was Marketing and Strategy Manager, Currency Capital (July, 2016 - June, 2017); Sales Analyst, Lexus (November, 2015 - July, 2016); Customer Retention Analyst, Toyota USA (July, 2015 - November 2015). Volunteer: Marketing Coordinator, AEPi Rock-A-Thon (April, 2013). Collaboratively worked with my fraternity chapter to plan and raise over $123,000 dollars for cancer research over a span of three days, making Alpha Epsilon Pi - Mu Deuteron the largest single-chapter philanthropy in the country. Education: University of Missouri-Columbia, Bachelor's Degree, Business/Corporate Communications. Activities and Societies: AEPi Fraternity (President).
Joey Zrinzo was hired as Business Automation Specialist, Dex Media, Dallas/Fort Worth area. Previously, he was an Account Executive at LEAF Commercial Capital (November, 2016); Vice President Sales, Partners Capital (November, 2016 - June, 2017); Account Executive, Balboa Capital (September, 2011 – February, 2014). He also was a Professional Baseball Player, starting Pitcher, Australian Baseball League, German Baseball League, US Military All Stars, Sydney Major League Account Executive (January, 2008 - February, 2015). Education: East Central University, Master's degree, Administration (2013 – 2014). Bacone College, Bachelor's degree, Management Information Systems, General (2008 – 2010). 1st Team starting Pitcher @ Red River Athletic Conference NAIA , 5K Native tribal run Kids Youth Camp of Muskogee, Degree in Management. Activities and Societies: Baseball.
Pre-2014 iPhones Are a Dying Breed in the U.S.
Chart ---Business Insider
by Felix Richer
10 years ago, on June 29, 2007, the original iPhone went on sale in the United States. Much has happened since then and today’s iPhones bear little resemblance to their oldest ancestor.
While the original iPhone has become a collectors’ item 10 years into its existence, modern technology is not really the place for nostalgia. As our chart illustrates, very few iPhones released before 2014 are still used in the United States. According to data from Consumer Intelligence Research Partners, more than 90 percent of U.S. iPhone users have an iPhone 6 or younger.
Apple usually supports older iPhone models for around 5 years. iOS 10, the current crop of the company’s mobile operating system is compatible with any model from the iPhone 5 (2012) onwards. iOS 11, slated to be released in September, will require the iPhone 5s to work.
$65 to Print a Boarding Pass?
by Kevin F. Clune, CLFP
A recent travel experience with a “No Frills” discount airline reminded me of the variety of contract conditions in the leasing industry. The airline ticket was a bargain but there were extra fees for checked luggage, a seat reservation, and even a carry-on bag. The cost was still competitive, however, until I arrived at the airport without a printed boarding pass and learned that one of my bags was 2 lbs. over the limit. At that point, I was shocked to learn that the charge to print a boarding pass and pay for the extra weight was equal to the cost of the original ticket!
It struck me that this might be the perfect analogy to explain the differences that exist from one lease provider to another. Leasing customers who base their decision on the lowest price per month (PPM) may find there are hidden fees and surprise conditions in the contract. On occasion, the Total Cost of the lease with the lowest PPM may exceed that of other lease contracts with a slightly higher PPM.
Whenever customers inform us they have decided to use another leasing company due to a lower PPM, we usually advise them to read the fine print and ask some essential questions.
- What are the end of lease terms and can I get those in writing?
- Will there be extra fees?
- Do you have a late payment grace period?
- Do you charge Interim Rent before the lease starts?
If you decide that you will return the equipment at the end of the lease, some contracts will require that a written notice be sent by certified mail before 90 or 120 days prior to the end of the term. The penalty for failing to comply may result in an automatic renewal of the lease for 6 months or even a year. Also, will you incur additional expenses for packaging and shipping the collateral to the leasing company?
Additionally, extra fees may exceed the estimated savings that influenced the decision in the first place. These could include higher document fees, mandatory insurance coverage that is purchased through the leasing company, and property tax bills and fees.
Late payment penalties could also accumulate quickly due to a short or non-existent grace period along with a zero-tolerance policy. Will it be easy to communicate with the leasing company if you need to challenge these charges? While the issue is under review, will you incur more late fees?
Most leasing companies charge interim rent before the lease starts which normally results in an additional month’s payment by the customer. This results in yet another opportunity for more revenue.
The Discounted Airline knew that I had no other option when I arrived without a printed boarding pass and that I would pay the price. I was over the proverbial “Barrel.” Let’s hope you can avoid the same predicament with your leasing company by studying the contract before you sign.
Just as airlines are not all alike, neither are leasing companies. I will use a different airline in the future. You have many options…
Kevin F. Clune CLFP, President
Clune & Company LC | The
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Leasing/Finance Conferences 2017
Save the Dates
Canadian Finance & Leasing Association
September 12 -14
The Delta Okanagan, Kelowna, BC (Wine Country)
Free Shuttle Service
Sheraton Atlanta Airport Hotel and Date for Eastern Regional Conference has been changed. New Hotel to be announced as soon as arrangement are made. Dates are expected to be September 14 - 15 instead of 15 - 16
The Sheraton hotel has been purchased by the airport for their expansion project and will no longer be functioning as a hotel as of the end of July.
October 4, 2017 - October, 6
2017 Funding Symposium
JW Marriott Buckhead
Register, to view event
October 11, 2017 - October 13, 2017
Fairmount Dallas, Texas
October 17, 2017 - October 19, 2017
2017 56th Annual Convention
Gaylord Resort & Convention Center
Gaylord Palms Resort & Convention Center, a Marriott Hotel
What makes this conference difference are funders and brokers who normally do not attend conferences, but come from all parts of the United States. This is not just for members of one group, but open to all, many who do not belong to finance and leasing associations, including specialists with specific followings in business loans, equipment finance and leasing, merchant advance, working capital and other commercial financial transactions.
Early Bird Special s $499 for Brokers, $799 for Lenders, and $950 for Service Providers. The event is being held at the Gaylord Palms Resort & Convention Center, a Marriott Hotel, Kissimmee, Florida Tuesday, October 17 to Thursday, October, 19, 2017. The City is 11.6 miles to Walt Disney World Resort; 19.3 miles Orlando International Airport.
"Our registration is now open and we anticipate over 600 brokers
to attend based on the success of last year and growth we experienced."
Kris D. Roglieri
Commercial Capital Training Group
For More Information:
October 22, 2017 - October 24, 2017
2017 56th Annual Convention
Call for Presentations/Submission Deadline
Monday, July 3, 2017
October 22, 2017 - October, 26, 2017
The Palazzo and Sands Convention Center
Venetian Hotel & Casino
Las Vegas, Nevada
Speakers and More Information
“Positioning Today’s Lessors for Tomorrow” in Dubai,
United Arab Emirates / October 30 – 31, 2017
Amembal & Halladay is pleased to announce that our Management Symposium, “Positioning Today’s Lessors for Tomorrow”, will be held in Dubai, United Arab Emirates from October 30th – 31st of 2017.
Critical operational factors such as funding, improving profitability, identifying vulnerabilities and assessing the company’s financial health are explored in depth. The speakers, including leasing company executives, will provide insights into successfully shepherding the leasing company into the future.
All members of management will greatly benefit from attending this symposium, including CEOs, CFOs, COOs, middle managers, and those being groomed for management positions.
Registration is now open with an early bird discount in effect until August 15, 2017.
Contact Kelly Farnham for more information and to register:
8:00AM - 6:00PM EST
$499 ( + $28.44 fee) Early Bird
For More Information, please go here:
November 7, 2017
The Regency Ballroom
1300 Van Ness Avenue
San Francisco, CA 94109
$100 Early Bird
Western Regional Meeting
November 17 - 18, 2017
Doubletree by Hilton - Anaheim
Presentation Proposal for November 17 - 18, Orange, California
Register, to view event:
##### Press Release ############################
Federal Reserve releases results of Comprehensive
Capital Analysis and Review – Approves Capital Plans
(The test paves the way for the banks to pay out to its
shareholders the largest dividends in almost a decade)
The Federal Reserve Board on Wednesday announced it has completed its review of the capital planning practices of the nation's largest banks and did not object to the capital plans of all 34 bank holding companies participating in the Comprehensive Capital Analysis and Review (CCAR). However, the Board is requiring one firm to address weaknesses in its capital planning process and resubmit its capital plan by the end of 2017.
CCAR, in its seventh year, evaluates the capital planning processes and capital adequacy of the largest U.S.-based bank holding companies, including the firms' planned capital actions such as dividend payments and share buybacks. Strong capital levels act as a cushion to absorb losses and help ensure that banking organizations have the ability to lend to households and businesses even in times of stress.
"I'm pleased that the CCAR process has motivated all of the largest banks to achieve healthy capital levels and most to substantially improve their capital planning processes," said Governor Jerome H. Powell.
When considering a firm's capital plan, the Federal Reserve considers both quantitative and qualitative factors. Quantitative factors include a firm's projected capital ratios under a hypothetical scenario of severe economic and financial market stress. Qualitative factors include the strength of the firm's capital planning process, which incorporate risk management, internal controls, and governance practices that support the process.
This year, 13 of the largest and most complex banks were subject to both the quantitative and qualitative assessments. The 21 other firms in CCAR were subject only to the quantitative assessment. The Federal Reserve may object to a capital plan based on quantitative or qualitative concerns, and if it does, a firm may not make any capital distribution unless authorized by the Federal Reserve.
The Federal Reserve did not object to the capital plans of Ally Financial, Inc.; American Express Company; BancWest Corporation; Bank of America Corporation; The Bank of New York Mellon Corporation; BB&T Corporation; BBVA Compass Bancshares, Inc.; BMO Financial Corp.; CIT Group Inc.; Citigroup, Inc.; Citizens Financial Group; Comerica Incorporated; Deutsche Bank Trust Corporation; Discover Financial Services; Fifth Third Bancorp; Goldman Sachs Group, Inc.; HSBC North America Holdings, Inc.; Huntington Bancshares, Inc.; JP Morgan Chase & Co.; Keycorp; M&T Bank Corporation; Morgan Stanley; MUFG Americas Holdings Corporation; Northern Trust Corp.; The PNC Financial Services Group, Inc.; Regions Financial Corporation; Santander Holdings USA, Inc.; State Street Corporation; SunTrust Banks, Inc.; TD Group US Holdings LLC; U.S. Bancorp; Wells Fargo & Company; and Zions Bancorporation.
The Federal Reserve did not object to the capital plan of Capital One Financial Corporation, but is requiring the firm to submit a new capital plan within six months that addresses identified weaknesses in its capital planning process.
U.S. firms have substantially increased their capital since the first round of stress tests led by the Federal Reserve in 2009. The common equity capital ratio--which compares high-quality capital to risk-weighted assets--of the 34 bank holding companies in the 2017 CCAR has more than doubled from 5.5 percent in the first quarter of 2009 to 12.5 percent in the first quarter of 2017. This reflects an increase of more than $750 billion in common equity capital to a total of $1.25 trillion during the same period.
Full Capital Analysis and Review (104 pages):
### Press Release ############################
Fernando’s View: 4th of July Edition
By Fernando Croce
With the Fourth of July just ahead, we at Leasing News are proud to recommend five red, white and blue movies (available at Netflix) that you are sure to get audiences laughing, cheering, and saluting.
Shane (George Stevens, 1953): Few Westerns are as beloved as this iconic classic, which presents genre icons with mythical reverence. Alan Ladd stars as the eponymous gunfighter, a mysterious man with a violent past who rides into a small Wyoming town and changes the lives of those around him. Taking a job with local homesteader Joe (Van Heflin), Shane falls in love with his wife Marian (Jean Arthur) while becoming a hero to their young son (Brandon de Wilde). When a marauding landowner hires a ruthless killer (Jack Palance) to intimidate the townspeople, the stranger finds himself going back to the ways he had sworn off. Consciously aiming for folk-tale grandeur, Stevens’ film lingers as an attempt to turn familiar genre into poetic national dream.
The Searchers (John Ford, 1956): America is a nation of contradictions, and no film has captured them as richly as Western master John Ford, who directed what is arguably his greatest film with this stunning tale of obsession. In one of his best screen roles, John Wayne stars as Ethan Edwards, a frontier wanderer who hopes to settle down with his brother’s family in Texas after the Civil War. Dreams of stability are soon shattered, however, when a Comanche raid destroys their home and kidnaps his niece Debbie (Natalie Wood). With his adopted nephew Martin (Jeffrey Hunter) by his side, Ethan embarks on a long and harrowing journey of revenge. Filled with grand vistas and unforgettably intense moments, Ford’s cinematic classic shows America at her most beautifully complicated.
1776 (Peter H. Hunt, 1972): What more fitting movie to celebrate 4th of July with than one whose historical plot builds up to the 4th of July? The Founding Fathers were never more tuneful than in this beloved adaptation of Peter Stone’s Broadway musical hit, which takes place at the dawn of the Declaration of Independence. As the colonies get ready to come together into a nation in the days leading to July 4th, 1776, the Declaration is still sorting out its obstacles, from news of military struggle to reactionary landowners. John Adams (William Daniels), Benjamin Franklin (Howard Da Silva) and Thomas Jefferson (Ken Howard) are the main characters, stirring the people and making history with such ditties as “But Mr. Adams,” “Molasses to Rum” and “The Less of Old Virginia.”
Miss Firecracker (Thomas Schlamme, 1989): Holly Hunter shines in this warm, underrated comedy, set in a small Mississippi town during Fourth of July festivities. She plays Carnelle, a brash young local who, hoping to achieve some of the popularity of her cousin Elain (Mary Steenburgen), enters the Miss Firecracker beauty pageant. While family members dismiss her decision as foolish, Carnelle becomes determined to win as a way to search for happiness and push her life beyond its provincial limits. Can she seize an Independence Day of her own? Satirizing Southern clichés while fondly exulting in them, the movie paints a rollicking view of American eccentrics that would make Mark Twain proud. The winning supporting cast also includes Tim Robbins and Alfre Woodard.
Air Force One (Wolfgang Petersen, 1997): What country wouldn’t feel safe with Indiana Jones himself calling the shots? Combining strength of character with a penchant for brave action, Harrison Ford is perfectly cast as America’s dream President in this crowd-pleasing action hit from thriller specialist Wolfgang Petersen (“Outbreak”). An ex-marine and gruff family man, Ford’s President Marshall finds himself stranded with the enemy thousands of feet up in the air when foreign rebels led by the merciless Ivan (Gary Oldman) take control of the eponymous presidential airplane. Will his declared principles stand the test of action? Boasting tightly directed suspense and a rock-solid supporting cast that includes Glenn Close, William H. Macy and Dean Stockwell, it’s smarter-than-your-average-blockbuster fare graced by Ford’s almost Gary Cooper-like sense of integrity.
Mission, Kansas Adopt-a-Dog
Age: 1 year, 9 months
Site: Unleased Pet Rescue & Adoption
Intake Date: 5/23/2017
"Hey there, I'm Corbin. I'm a Mastiff mix. I am a pretty laid back easy going guy. I would love to have a family of my own. I can play or chill on the couch. Not to brag or anything, but I have excellent leash manners. Walks are no problem with me, except if there is a bunny. Hold on tight then. A house were I am the only pet is what is best for me. Little humans are not a problem. They are cool. One requirement I do have of my new family, they must give me belly rubs. I love those. Come on, give me a chance. I won't disappoint."
Unleased Pet Rescue & Adoption
Mission, KS 66202
Online Application (fillable)
Adopt a Pet
Edison Capital Three Dogs
Bella, Fiona, Fergus
Jim Gibbons and Doreen Carey, and baby Bella at 9 months,
old trooper Fiona at 15 years, and Fergus at a feisty 2.
This Day in American History
1502 - Christopher Columbus arrived at Santo Domingo, Hispaniola, on his 4th voyage to the new world. He requested harbor and advised Gov. Nicolas de Ovando of an approaching hurricane. Ovando denied the request and dispatched a treasure fleet to Spain. 20 ships sank in the storm, 9 returned to port and one made it to Spain.
1541 - The Spanish first crossed the Arkansas River. Francisco Vazquez de Coronado continued to explore the American southwest. He left New Mexico and crossed Texas, Oklahoma and east Kansas.
1652 - Massachusetts declared itself an independent commonwealth.
1736 - Birthday of American Patriot Patrick Henry (1736-99) in Hanover County in the British colony of Virginia. A Founding Father, he served as the first and sixth post-colonial Governor of Virginia. Henry led the opposition to the Stamp Act 1765 and is remembered for his "Give me liberty or give me death" speech. With Samuel Adams and Thomas Paine, he is regarded as one of the most influential champions of Republicanism and an invested promoter of the American Revolution and its fight for independence. After the Revolution, Henry was a leader of the anti-federalists in Virginia and he opposed the Constitution, fearing that it endangered the rights of the States as well as the freedoms of individuals; he helped gain adoption of the Bill of Rights. By 1798 however, he supported President John Adams and the Federalists; he denounced passage of the Kentucky and Virginia Resolutions as he feared the social unrest and widespread executions that had followed the increasing radicalism of the French Revolution.
1744 - “Yankee Doodle” was written by Dr. Richard Shuckburgh, regimental surgeon to General Edward Braddock, commander in chief of the British forces during the French and Indian War. The verses were written at Albany, NY, and set to an ancient English tune, “The World Turned Down.” Shuckburgh intended to ridicule the “homely clad colonials,” but the song was taken up by the colonist themselves, and was played at the victory celebration in Yorktown in 1781 when Lord Cornwallis surrendered at the end of the Revolutionary War.
Some of the popular songs during this time were “The Liberty Song,” also known as “In Freedom We're Born,” and “My Days Have Been So Wondrous Free.” Perhaps the most popular war song, according to historians, was “Chester,” composed in 1778 by William Billings of Boston, MA. The song was published in Billing's “The Singing Master's Assistant or Key to Practical Music,” printed by Draper and Folsom, Boston. “Chester” contains the following chorus: “Let tyrants shake their iron rod;/ And Slav'ry clank her galling chains,/We fear them not;/ We trust in God,/New England's God forever reigns.”
1767 - British Parliament passed the Townshend Revenue Act levying taxes on America.
1776 - Tule Arbor--- First Church in San Francisco before Mission Dolores. The Mission was founded by Lt. Jose Joaquin Moraga and Fr. Francisco Palou (a companion of Fr. Serra), both members of the de Anza Expedition, which had been charged with bringing Spanish settlers to Alta (upper) California and evangelizing the local Ohlone natives.
1776 - Virginia state constitution was adopted and Patrick Henry was made governor.
1804 - Privates John Collins and Hugh Hall of the Lewis and Clark Expedition were found guilty by a court-martial consisting of members of the Corps of Discovery for getting drunk on duty. Collins receives 100 lashes on his back and Hall receives 50
1820 - Revenue cutter Dallas captured the 12-gun brig-of-war General Ramirez, which was loaded with 280 slaves, off St. Augustine. The 8 July 1820 issue of the Savannah Republican noted: "On the 28th ultimo, while the Cutter DALLAS was lying in the St. Mary's River, Captain Jackson received information that the Brig of war GENERAL RAMIREZ, supposed to be a piratical vessel was hovering off St. Augustine. The Cutter forthwith got under way in pursuit of the Brig having first obtained 12 United States soldiers from Fernandina to strengthen the Cutter's force. At half past three the next day, she hailed the Brig and received for answer, "This is the Patriot Brig GENERAL RAMIREZ." Captain Jackson finding a number of blacks on board took possession of the vessel and brought her into St. Mary's, arriving on the 1st instant. Captain Jackson found on the Brig about 280 African slaves. The Captain and crew, 28 in number, acknowledged themselves Americans.
1832 - “America the Beautiful” was written on a scrap of paper in a half hour by Dr. Samuel Francis Smith, a Baptist minister. The original manuscript is in the Harvard University Library.
1848 - Wisconsin becomes the 30th state.
(Lower part of: http://memory.loc.gov/ammem/today/may29.html )
1851 - The historic Ohio Woman's Rights Convention met in Akron.
1854 – The Gadsden Purchase which included parts of AZ and NM, from Mexico was completed for $10 million
1858 - Birthday of George Washington Goethals (1858-1928), American engineer and army officer, chief engineer of the Panama Canal and first civil governor of the Canal Zone, at Brooklyn, NY.
1858 - Birthday of Julia C. Lathrop (1858-1932) at Rockford, IL, a pioneer in the battle to establish child-labor laws. Julia C. Lathrop was the first woman member of the Illinois State Board of Charities and in 1900, was instrumental in establishing the first juvenile court in the U.S. In 1912, President Taft named Lathrop chief of the newly created Children's Bureau, then part of the US Dept. of Commerce and Labor. In 1925, she became a member of the Child Welfare Committee of the League of Nations.
1862 - To set the record straight about a famous Internet hoax about “Taps”, a military signal indicating “lights out” at night and “farewell” at military funerals, the hoax names the right period of time, but the wrong circumstances. Actually “Taps” was played on the drum for many years, thus its name. The musical form of “Taps” is performed as a bugle call and as a song. Union General Daniel Butterfield wrote the music on the back of a torn envelope and whistled the tune to Oliver Wilcox Norton, bugler and aide-de-camp of General Strong Vincent, commander of the 83rd Regiment Pennsylvania Volunteers of the Army of the Potomac. They were resting in camp at Harrison's Landing on the James River in Virginia, immediately after the seven days of fighting near Richmond.
1863 – At age 23, George A. Custer was appointed a Brigadier General in the Union Army.
1886 - Harlem photographer James VanDer Zee (1886-1983) was born in Lenox, MA.
1905 - Archibald Wright “Moonlight” Graham, a real-life ballplayer made famous by his appearance in W.P. Kinsella's novel, “Shoeless Joe,” and the movie, “Field of Dreams,” played in his only Major League game. A substitute outfielder for the New York Giants, for the bottom of the eighth, Graham was sent in to play right field. In the top of the ninth inning, Graham was on deck when the third out was made. Graham played the bottom of the ninth in right field but never came to bat. That game turned out to be his only appearance in the Majors. Poetic license in the book and film moved this game to 1922. The story of his life was otherwise true. Graham completed his medical degree from the University of Maryland in 1905, obtained his license the following year and began practicing medicine in Chisholm, MN. "Doc" Graham, as he became known after his career as a ballplayer, served the people of Chisholm for fifty years. From 1919 to 1959, Graham was the doctor for the Chisholm schools. The Graham Scholarship Fund, established in his honor, provides financial assistance to two Chisholm High School graduating seniors each year. The award is given to one boy and one girl, $500 to each. For many years, "Doc" Graham made arrangements to have used eyeglasses sent to his Chisholm office. On Saturdays, he would have the children of the Iron Range miners, from Grand Rapids to Virginia, come to his office, have their eyes checked and then fit them with the proper set of glasses, all free of charge.
1910 - Birthday of song writer Frank Loesser (1910-69), New York City, NY. He wrote the lyrics and music to the Broadway hits “Guys and Dolls,” “How to Succeed in Business Without Really Trying,” and “Baby, It’s Cold Outside,” the latter winning the Academy Award for Best Song.
1922 - Composer-pianist Ralph Burns (1922-2001) was born in Newton, Mass. He wrote “Bijou,” “Early Autumn,” many others for Woody Herman before going out on his own as a pianist.
1924 – Birthday of American poet Cid Corman (1924-2004) in Boston’s Roxbury. Throughout the 1950's and 1960's, Corman's magazine ORIGIN published some of the major works of the Black Mountain poets, as well as other important work, choosing mostly poems not yet readily available elsewhere: the early poetry of Charles Olson, Robert Creeley, and Denise Levertov with the late works of Wallace Stevens and William Carlos Williams.
Corman has published over 70 volumes of poetry, translated several French and Japanese poets, and published four volumes of essays. He had lived in Kyoto, Japan since 1958 where he and his wife run a business, Cid Corman's Dessert Shop, until his death.
"A hint or tint of music — as if the silence were being turned on."
http:// www.english.upenn.edu/~wh/ corman.html
1927 – The first flight from the West Coast arrived in Hawaii.
1931 - The temperature at Monticello, FL hit 109 degrees to establish an all-time record for the state.
1933 - Primo Carnera won the heavyweight championship of the world by knocking out Jack Sharkey in the sixth round of a fight at Long Island City, NY. Carnera held the title for only a year. He knocked out two contenders and then was defeated by Max Baer in June, 1924.
1934 - After four years in the National Football League, the Portsmouth Spartans were sold to G.A. “Dick” Richards. He moved the team to Detroit and changed its nickname to the Lions.
1936 - Birthday of third baseman Harmon Clayton Killebrew (1936-2011), Payette, ID. During his 22-year MLB career in, primarily with the Minnesota Twins, Killebrew was a prolific power hitter who, at the time of his retirement, was second only to Babe Ruth in American League home runs and was the AL career leader in home runs by a right-handed batter (since broken by Alex Rodriguez). He was inducted into the Baseball Hall of Fame in 1984.
1938 - Birthday of The Valiants’ leader Billy Storm, Dayton, OH.
1939 - Benny Carter records theme “Melancholy Lullaby” (Vocalion 4984)
1940 - U.S. passed the Alien Registration Act requiring aliens (non-citizens) to register.
1941 - Birthday of crusader and Freedom rider Stokely Carmichael (1941-98). As a radio newsman, I interviewed him by telephone during the March as arranged by Hal Light of San Francisco. He reported coined the word: “Black Power.” I also interviewed him in Oakland, California. In 1960, Carmichael formed the Student Nonviolent Coordinating Committee. The SNCC was a student desegregation & civil rights group recognized for organizing massive voter registration drives in the 1960s. In 1967, Carmichael became honorary prime minister of the militant Black Panther Party. Carmichael and his then wife, famed South African singer Miriam Makeba, moved to Guinea in 1969. http://www.spartacus.schoolnet.co.uk/USAcarmichael.htm
1941 - In a doubleheader with the Senators, Joe DiMaggio ties and then breaks the American League consecutive game hitting streak of 41 established by George Sisler. In the opener, he knots the record with a double off Dutch Leonard, and in the nightcap, 'The Yankee Clipper' tops the record with a seventh inning single against Walt Masterson.
1944 - Singer Little Eva, whose full name is Eva Narcissus Boyd, was born in Belhaven, North Carolina. She was the babysitter for songwriters Carole King and Gerry Goffin when she recorded their song, "The Loco-Motion." It went to number one in the summer of 1962. The background singers on the record were a group called the Cookies, who had a hit of their own later in '62 with "Chains."
1945 - President Truman approves the plan, devised by the Joint Chiefs of Staff, to invade Japan. The plan calls for 5 million troops, mostly Americans. Kyushu is to be invaded on November 1st with some 13 divisions (Operation Olympic) and Honshu is to be invaded on March 1, 1946 with some 23 divisions (Operation Coronet), including forces of the US 1st Army from Europe. The British will deploy a very long range bomber force in support of the invasion.
1948 - Top Hits
“Nature Boy” - Nat King
“Toolie Oolie Doolie” - The Andrews Sisters
“Woody Woodpecker Song” - The Kay Kaiser Orchestra (vocal: Gloria Wood & The Campus Kids)
“Bouquet of Roses” - Eddy Arnold
1950 – Whitey Ford was called up by the Yankees from their Kansas City farm team. Ford would go on to a 9-1 record and win the final game of the World Series sweep of the Phillies.
1952 - I remember this day very well, the start of my teenager years, when the first “Rock and Roll” song to hit Number 1 in the pop charts was “Rock Around the Clock“. The recording artists were Bill Haley and the Comets, one of the first all-white acts to play “Rock and Roll.” It was the title song to the movie, “Blackboard Jungle.” Haley was originally a country and western singer, who my father hired in Chester, Pennsylvania in 1948 to sing “rock-a-billy” to a radio station when he was the general manager. Haley later learned the electric guitar and the rest is history.
1956 - Top Hits
“The Wayward Wind” - Gogi Grant
“I Almost Lost My Mind” - Pat Boone
“Picnic” - The McGuire Sisters
“Crazy Arms” - Ray Price
1956 - Charles Dumas of the US became the first high jumper to clear the seven-foot barrier when he reached 7’, 5/8” at the US Olympic Trials meet in Los Angeles. He won the gold medal at the Melbourne Olympics later that year at a height of 6’, 11½”.
1956 - President Dwight Eisenhower signed a bill providing $33.5 billion for highway construction. It was the biggest public works program in history.
1959 - Dick Clark announces his first Caravan of Stars tour, which would feature The Skyliners, who were still riding high on their hit "Since I Don't Have You."
1960 - Birthday of singer Evelyn “Champagne” King, The Bronx, New York
1963 - The first song written by John Lennon and Paul McCartney makes it to the Hot 100. It's "From Me to You" as performed by Del Shannon.
1964 - Top Hits
“A World Without Love” - Peter & Gordon
“I Get Around” - The Beach Boys
“My Boy Lollipop” - Millie Small
“Together Again” - Buck Owens
1966 - MORRIS, CHARLES B., Medal of Honor.
Rank and organization: Staff Sergeant (then Sgt.), U.S. Army, Company A, 2d Battalion (Airborne), 503d Infantry, 173d Airborne Brigade (Separate). Place and date: Republic of Vietnam, 29 June 1966. Entered service at: Roanoke, Va. Born: 29 December 1931, Carroll County, Va. C.O. No.: 51, 14 December 1967. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty. Seeing indications of the enemy's presence in the area, S/Sgt. Morris deployed his squad and continued forward alone to make a reconnaissance. He unknowingly crawled within 20 meters of an enemy machinegun, whereupon the gunner fired, wounding him in the chest. S/Sgt. Morris instantly returned the fire and killed the gunner. Continuing to crawl within a few feet of the gun, he hurled a grenade and killed the remainder of the enemy crew. Although in pain and bleeding profusely, S/Sgt. Morris continued his reconnaissance. Returning to the platoon area, he reported the results of his reconnaissance to the platoon leader. As he spoke, the platoon came under heavy fire. Refusing medical attention for himself, he deployed his men in better firing positions confronting the entrenched enemy to his front. Then for 8 hours the platoon engaged the numerically superior enemy force. Withdrawal was impossible without abandoning many wounded and dead. Finding the platoon medic dead, S/Sgt. Morris administered first aid to himself and was returning to treat the wounded members of his squad with the medic's first aid kit when he was again wounded. Knocked down and stunned, he regained consciousness and continued to treat the wounded, reposition his men, and inspire and encourage their efforts. Wounded again when an enemy grenade shattered his left hand, nonetheless he personally took up the fight and armed and threw several grenades which killed a number of enemy soldiers. Seeing that an enemy machinegun had maneuvered behind his platoon and was delivering the fire upon his men, S/Sgt. Morris and another man crawled toward the gun to knock it out. His comrade was killed and S/Sgt. Morris sustained another wound, but, firing his rifle with 1 hand, he silenced the enemy machinegun. Returning to the platoon, he courageously exposed himself to the devastating enemy fire to drag the wounded to a protected area, and with utter disregard for his personal safety and the pain he suffered, he continued to lead and direct the efforts of his men until relief arrived. Upon termination of the battle, important documents were found among the enemy dead revealing a planned ambush of a Republic of Vietnam battalion. Use of this information prevented the ambush and saved many lives. S/Sgt. Morris' gallantry was instrumental in the successful defeat of the enemy, saved many lives, and was in the highest traditions of the U.S. Army.
1968 - Donovan's "Hurdy Gurdy Man" enters the Billboard chart, where it will reach #5. The song featured former Yardbirds guitarist, Jeff Beck.
1968 - Pink Floyd's second LP "A Saucerful of Secrets" is released.
1968 - "Tip-Toe Thru' The Tulips With Me" by Tiny Tim peaks at #17
1969 - Detroit Tiger Jim Northrup ended an exciting week in his baseball career when he connected for his third grand-slam home run in seven days, setting a Major League record.
1970 - With the award-winning "Liza Minelli Special," NBC offered an evening of entertaining television.
1971 - The City of Memphis, TN, voted to name a road in honor of Elvis Presley---a 12-mile portion of the highway that passes Graceland.
1972 - *BENNETT, STEVEN L., Medal of Honor.
Rank and organization: Captain, U.S. Air Force. 20th Tactical Air Support Squadron, Pacific Air Forces. Place and date: Quang Tri, Republic of Vietnam, 29 June 1972. Entered service at: Lafayette, La. Born: 22 April 1946, Palestine, Tex. Citation: Capt. Bennett was the pilot of a light aircraft flying an artillery adjustment mission along a heavily defended segment of route structure. A large concentration of enemy troops was massing for an attack on a friendly unit. Capt. Bennett requested tactical air support but was advised that none was available. He also requested artillery support but this too was denied due to the close proximity of friendly troops to the target. Capt. Bennett was determined to aid the endangered unit and elected to strafe the hostile positions. After 4 such passes, the enemy force began to retreat. Capt. Bennett continued the attack, but, as he completed his fifth strafing pass, his aircraft was struck by a surface-to-air missile, which severely damaged the left engine and the left main landing gear. As fire spread in the left engine, Capt. Bennett realized that recovery at a friendly airfield was impossible. He instructed his observer to prepare for an ejection, but was informed by the observer that his parachute had been shredded by the force of the impacting missile. Although Capt. Bennett had a good parachute, he knew that if he ejected, the observer would have no chance of survival. With complete disregard for his own life, Capt. Bennett elected to ditch the aircraft into the Gulf of Tonkin, even though he realized that a pilot of this type aircraft had never survived a ditching. The ensuing impact upon the water caused the aircraft to cartwheel and severely damaged the front cockpit, making escape for Capt. Bennett impossible. The observer successfully made his way out of the aircraft and was rescued. Capt. Bennett's unparalleled concern for his companion, extraordinary heroism and intrepidity above and beyond the call of duty, at the cost of his life, were in keeping with the highest traditions of the military service and reflect great credit upon himself and the U.S. Air Force.
1972 - Top Hits
“The Candy Man” - Sammy Davis, Jr.
“Song Sung Blue” - Neil Diamond
“Outa-Space” - Billy Preston
“That's Why I Love You Like I Do” - Sonny James
1980 - Top Hits
“Coming Up” - Paul McCartney & Wings
“The Rose” - Bette Midler
“It's Still Rock & Roll to Me” - Billy Joel
“Trying to Love Two Women” - The Oak Ridge Boys
1984 - Bruce Springsteen kicks off his “Born in The U.S.A.” tour in St. Paul, Minnesota. His single, "Dancing in the Dark," peaks at #2 on the same day.
1988 – Top Hits
“Foolish Beat” - Debbie Gibson
“Dirty Diana” - Michael Jackson
“Make It Real” - The Jets
“He's Back and I'm Blue” - The Desert Rose Band
1988 - Alpena, MI, reported a record low of 39 degrees while Jackson, MS, equaled their record for the month of June with an afternoon high of 105 degrees. Thunderstorms in the central U.S. soaked Springfield, MO with 3.62 inches of rain, a record for the date.
1990 - Dave Stewart of the Oakland Athletics pitched a 5-0 no-hitter against the Toronto Blue Jays at SkyDome. Later in the day, Fernando Valenzuela of the Los Angeles Dodgers pitched a 6-0 no-hitter against the St. Louis Cardinals. This marked the first time in Major League history that no-hitters were recorded in each league on the same day and the first time in the 20th century that two pitchers hurled complete-game no-hitters on the same day.
1994 - The U.S. Supreme Court reaffirms its 1973 Roe v. Wade decision on legal abortion, but its 5-to-4 ruling in Planned Parenthood v. Casey supports a Pennsylvania law limiting a woman's right to abortion. The Court also lets stand a Mississippi law requiring a 24-hour waiting period, which critics believe hindered many poorer women from obtaining legal abortions because they cannot afford overnight stays in cities far from their homes and jobs.
1994 - Top Hits
“I Swear” - All-4-One
“Regulate” (From "Above The Rim") - Warren G
“Any Time, Any Place/And On And On” - Janet Jackson
“Don’t Turn Around” - Ace Of Base
1995 - An American space shuttle docked with a Russian space station for the first time, resulting in the biggest craft ever assembled in space. The cooperation involved in this linkup was to serve as a stepping-stone to building the International Space Station.
1996 - Superman's Action Comic #1 (1938) auctioned at Sotheby at $61,900.
1998 - George Harrison (1943-2001) announces that he had been receiving radiation treatment for throat cancer caused by smoking. Harrison says he has been given a clean bill of health by saying, "I'm not going to die on you folks just yet." That sad event would take place on November 29th, 2001.
1999 - Singer/songwriter Jewel forgets the words to her song "Little Sister" from her “Pieces of You” album during a concert in Mountain View, California. She asks the audience if anyone has a copy of her album with the front cover. A boy in the audience pulls it out of his backpack, and holds the lyrics up for Jewel while she performs
2000 - On his much awaited return to Shea Stadium, John Rocker pitches a perfect eighth inning in front of 46,998 booing fans helping the Braves to stop the Mets' winning streak at seven, 6-4. Prior to the game, the Atlanta reliever read a statement apologizing for his inappropriate comments about New Yorkers which appeared in the off season in Sports Illustrated.
2003 - Top Hits
“This Is The Night” - Clay Aiken
“Flying Without Wings” - Ruben Studdard
“Crazy In Love” - Beyonce Featuring Jay-Z
“Magic Stick” - Lil' Kim Featuring 50 Cent
2004 - The Diamondbacks’ Randy Johnson, 40, threw his 4,000th career strikeout to become the fourth player in Major League history to reach the plateau. The "Big Unit" needs fewer innings (3,237 1/3) than Nolan Ryan, Roger Clemens or Steve Carlton to accomplish the feat.
2007 – Apple Inc. releases its first mobile phone, the iPhone.
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